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No description of principal activities is disclosed
2022-07-01
Sage Accounts Production 23.0 - FRS102_2023
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Company registration number:
01141533
Druid Rhodes & Company Ltd
Trading as
Druid Rhodes & Company Ltd
Unaudited filleted financial statements
30 June 2023
Druid Rhodes & Company Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Druid Rhodes & Company Ltd
Directors and other information
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Directors |
Mr David Walton |
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Mrs Janet Walton |
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Company number |
01141533 |
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Registered office |
Office 4 Hattech Business Centre Beaconsfield Court |
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Beaconsfield Road |
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Hatfield |
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AL10 9NH |
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Business address |
Office 4 HatTech Business Centre |
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Beaconsfield Court, Beaconsfield Road |
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Hatfield |
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AL10 8FF |
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Accountants |
Hicks and Company |
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Chartered Accountants |
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83 High Street |
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Hemel Hempstead |
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Hertfordshire |
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HP1 3AH |
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Druid Rhodes & Company Ltd
Statement of financial position
30 June 2023
|
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2023 |
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2022 |
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Note |
£ |
|
£ |
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£ |
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£ |
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Current assets |
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Debtors |
|
4 |
9,176 |
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49,771 |
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|
Cash at bank and in hand |
|
|
568 |
|
|
|
568 |
|
|
|
|
|
_______ |
|
|
|
_______ |
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9,744 |
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50,339 |
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Creditors: amounts falling due |
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|
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|
within one year |
|
5 |
(
2,624) |
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|
(
5,619) |
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|
|
|
|
_______ |
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|
_______ |
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Net current assets |
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7,120 |
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|
44,720 |
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|
|
|
_______ |
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|
_______ |
Total assets less current liabilities |
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7,120 |
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44,720 |
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Creditors: amounts falling due |
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|
|
|
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after more than one year |
|
6 |
|
|
(
17,345) |
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(
13,145) |
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|
|
|
_______ |
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|
_______ |
Net (liabilities)/assets |
|
|
|
|
(
10,225) |
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|
31,575 |
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|
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|
_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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10,000 |
|
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|
10,000 |
Profit and loss account |
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|
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|
(
20,225) |
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21,575 |
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|
|
|
|
_______ |
|
|
|
_______ |
Shareholders (deficit)/funds |
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|
|
|
(
10,225) |
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31,575 |
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|
|
|
|
_______ |
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_______ |
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For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
05 March 2024
, and are signed on behalf of the board by:
Mr David Walton
Director
Company registration number:
01141533
Druid Rhodes & Company Ltd
Notes to the financial statements
Year ended 30 June 2023
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Office 4 Hattech Business Centre Beaconsfield Court, Beaconsfield Road, Hatfield, AL10 9NH.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other debtors |
|
9,176 |
49,771 |
|
|
|
_______ |
_______ |
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|
|
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5.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
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|
£ |
£ |
|
Bank loans and overdrafts |
|
2,024 |
5,119 |
|
Other creditors |
|
600 |
500 |
|
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|
_______ |
_______ |
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|
2,624 |
5,619 |
|
|
|
_______ |
_______ |
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|
|
|
|
6.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other creditors |
|
17,345 |
13,145 |
|
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|
_______ |
_______ |
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7.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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2023 |
|
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Balance brought forward |
Amounts repaid |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr David Walton |
(
265) |
- |
(
265) |
|
|
|
|
Mrs Janet Walton |
(
12,880) |
(
4,200) |
(
17,080) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
(
13,145) |
(
4,200) |
(
17,345) |
|
|
|
|
|
_______ |
_______ |
_______ |
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|
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2022 |
|
|
|
|
|
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|
|
|
Balance brought forward |
Amounts repaid |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr David Walton |
(
265) |
- |
(
265) |
|
|
|
|
Mrs Janet Walton |
(
8,580) |
(
4,300) |
(
12,880) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
(
8,845) |
(
4,300) |
(
13,145) |
|
|
|
|
|
_______ |
_______ |
_______ |
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